Defendant Name: Sociedad Quimica Y Minera De Chile and S.A.

Defendant Type: Public Company
SIC Code: 2873
CUSIP: 83363510

Initial Case Details

Legal Case Name In the Matter of Sociedad Quimica y Minera de Chile, S.A.
First Document Date 13-Jan-2017
Initial Filing Format Administrative Action
File Number 3-17774
Allegation Type Foreign Corrupt Practices Act

Violations Alleged

Exchange Act
• Sec 13(b)(2)(A)
• Sec 13(b)(2)(B)

Resolutions

First Resolution Date 13-Jan-2017
Headline Total Penalty and Disgorgement $15,000,000

Related Documents:

2017-13 13-Jan-2017 Press Release--Administrative Proceeding
Chemical and Mining Company in Chile Paying $30 Million to Resolve FCPA Cases
On January 13, 2017, the SEC announced in a press release the settled order against Chilean-based chemical and mining company Sociedad Quimica y Minera de Chile S.A. (SQM). According to the SEC: "SQM made nearly $15 million in improper payments to Chilean political figures and others connected to them. Most of the payments were made based on fake documentation submitted to SQM by individuals and entities posing as legitimate vendors. The payments occurred for at least a seven-year period."
34-79795 13-Jan-2017 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings and Imposing a Cease-and-Desist Order
On January 13, 2017, the SEC instituted a settled proceeding against Sociedad Quimica y Minera de Chile (SQM). According to the SEC: "From at least 2008 to 2015, SQM made approximately US $14.75 million in improper payments to Chilean politicians, political candidates, and individuals connected to them (collectively, "politically exposed persons" or "PEPs")." SQM violated the books and records and internal control provisions of the FCPA.